“Derman’s memoir of his transition from mathematical physicistto expert finance whiz at Goldman Sachs and Salomon Brothers readslike a novel, but tells a lot. Last week I was in a bookstore and ran across a new book by Emanuel Derman called My Life as a Quant: Reflections on Physics and Finance. In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street.

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The theoretical purist finds a measure of contentment in contributing to the imprecise world of finance — “”intuiting, inventing, or concocting approximate laws and patterns.

Samuelson, MIT, Nobel Laureate in EconomicSciences, “Elegantly written by a gifted observer who was a pioneeringmember of the new profession of financial emanudl with anevident affection both for finance der,an a science and for thescientists who practice it.

There was a problem filtering reviews right now. Table of contents Reviews Prologue: It’s clearly what the author is interested in, and where his reputation was made, so it’s fair enough to include it. Badlya book contrasting financial models with the theories of hard science, and also containing some autobiographical material. Lee, the brightest star in the firmament.

The delirious thrill of collaboration and discovery. To see what your friends thought myy this book, please sign up.

Emanuel Derman born c. The first third, the story of his life as a grad student and post-doc, was highly amusing. He begins his story inwhen he arrived in New York city from South Africa as a bewildered, rather lonely quajt year old. Would you like to tell us about a lower price? My Life as a Quant: Worthwhile if you are interested in financial markets or differences between research and practical science.


Now he directs the financial-engineering program at Columbia University. Shopbop Designer Fashion Brands. A troubled year at Salomon Bros. For a certain audience this is perfect.

It is more about the growth of the internal life of a person and the way that they and their expectations change with age. Back cover copy “Derman’s memoir of his transition from mathematical physicistto expert finance whiz at Goldman Sachs and Salomon Brothers readslike a novel, but tells a lot about brains applied to making moneygrow.

My Life as a Quant : Emanuel Derman :

Trivia About My Life as a Quan English Choose a language for shopping. Popular passages Page 1 – The supreme task of the physicist is to arrive at those universal elementary laws from which the cosmos can be built up by pure deduction.

My Life as a Quant: Samuelson, MIT, Nobel Laureate in Economic Sciences, “Not only a delightful memoir, but one full of information, bothabout people and their enterprise.

Theories, in contrast, are attempts to understand the world on absolute terms; while models stand on someone else’s legs, theories, like Newton’s or Maxwell’s or Spinoza’s, stand on their own. Start reading My Emanurl as a Quant: Account Options Sign in.

My Life as a Quant : Reflections on Physics and Finance

From February to JulyDerman rerman a financial blog for Reuters. It’s clearly what the author is interested An mostly interesting memoir by someone who enjoys his work and has found himself at several ‘right place at the right time’s. These exotic derivatives, when circulated in large volumes, turned out to have potential for destablizing the entire financial system. Interviewing at investment banks.

Derman got a particle theory Ph. Models in physics deal with objective variables; models in finance deal with subjective ones. Meeting and working with Fischer Black. Insights from 25 of Wall Street’s Elite. He wallows in loneliness after leaving his home in South Africa to earn a Quantt in theoretical physics at Columbia University. It was not easy. AmazonGlobal Ship Orders Internationally.


Who should read this book? InDerman dermaan Michael Miller published a textbook titled The Volatility Smilea textbook about the principles of financial modeling, option valuation, and the variety of models that can account for the Volatility Smile.

Once, a chief trader who passed between him and a fellow quant “”winced, clutched his head with both hands as though in excruciating pain, and exclaimed, ‘Aaarrggh-hhh!

Jul 01, David Murphy rated it it was ok. I picked up this book at the library because it was suggested by Goodreads or Amazon I forget which as a book I might like to read. Sometimes the story goes very fast and sometimes it drags on an on.

My Life as a Quant

Blackhe knows first hand what he’s talking about. And no Wall Street quant is better known than Emanuel Derman. You are currently using the site but have requested a page in the site. This involves, inter alia, treating the financial portfolio as a mathematical optimisation problem.

My Life as a Quant | Not Even Wrong

The most interesting parts of the book for me were neither the particle physics or options theory, but Derman’s observations on psychology and relationships in high achievement and cognitive firepower environments, coping with failure, family life and so on.

For someone like me a nerd it’s inspirational. Not to mention how his long lastin It was an extremely pleasant reading, much to my surprise.